Sasol scraps La. gas-to-liquids project, plans to exit Canadian shale
Following an asset and growth strategy review, the South African energy company Sasol Ltd. canceled its plan to develop greenfield gas-to-liquids projects, including an approximately $13 billion project in Lake Charles, La., citing an unfavorable market environment.
Oil, gas driller Carrizo gets thumbs up for going 'all Texas, all the time'
Carrizo Oil & Gas Inc.'s decision to sell its assets in Colorado's DJ Basin for $140 million centers the Houston-based exploration and production company's focus entirely in its home state, something analysts said is not necessarily a bad thing.
Black Stone Minerals to acquire mineral, royalty assets in major plays for $340M
Black Stone Minerals LP agreed to buy mineral and royalty assets in some of the major U.S. oil and gas production areas, including the Permian Basin and the SCOOP play, from subsidiaries of Noble Energy Inc. for $340 million.
Automation makes its mark on oil, gas industry focused on reining in costs
After getting their feet wet with big data and automation during the 2014-2016 price collapse, U.S. oil and gas companies are in a position to harness technological advances to push down costs even further, from the wellhead to the back office.
Total US rig count rises with increase in oil-directed rigs
The combined oil and natural gas rig count in the United States continued to increase during the five-day period ended Nov. 22, rising by eight to a total of 923, according to Baker Hughes Inc.'s latest North America Rotary Rig Count. The total was up 330 rigs from the corresponding week a year earlier.